Audit Manager - Model Risk Governance

Welcome to Truist Financial, a leading financial institution dedicated to helping our clients achieve their financial goals. We are currently seeking a highly skilled and motivated Audit Manager to join our Model Risk Governance team. In this role, you will be responsible for overseeing the audit function for model risk management across the organization, ensuring compliance with regulatory requirements and internal policies. We are looking for a detail-oriented and analytical individual with a strong understanding of model risk and governance. If you have a passion for risk management and possess the necessary qualifications, we invite you to apply for this exciting opportunity at Truist Financial.

1. Oversee the audit function for model risk management across the organization.
2. Ensure compliance with regulatory requirements and internal policies.
3. Develop and implement audit plans, procedures, and controls to evaluate model risk and governance.
4. Conduct risk assessments and identify potential areas of concern.
5. Review and analyze models to ensure accuracy, validity, and effectiveness.
6. Prepare audit reports and present findings to senior management and regulatory agencies.
7. Collaborate with cross-functional teams to address identified risks and implement corrective actions.
8. Stay updated on industry trends and regulatory changes related to model risk management.
9. Provide guidance and support to team members on audit processes and procedures.
10. Maintain strong working relationships with internal stakeholders, external auditors, and regulatory agencies.
11. Develop and implement training programs for employees on model risk management.
12. Monitor the effectiveness of the model risk management program and make recommendations for improvement.
13. Participate in special projects and initiatives related to model risk management as needed.
14. Uphold the organization's values and ethical standards in all interactions and decisions.
15. Continuously seek opportunities to enhance and improve the audit function and overall model risk governance.

According to JobzMall, the average salary range for a Audit Manager - Model Risk Governance in Richmond, VA, USA is $110,000 - $150,000 per year. This can vary depending on factors such as experience, education, and the specific company.

Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks.